Malaysia's central bank joins exclusive QFII club

Malaysia’s central bank has become the seventh asset owner to receive a total of $1.5 billion in qualified foreign institutional investor (QFII) quota in the latest round of handouts. The State Administration of Foreign Exchange (Safe), China’s currency regulator, yesterday dished out a fresh round of quotas that allow foreign investors direct access to the country’s onshore securities market. Bank Negara Malaysia received QFII quota of $500 million, its third award. It obtained…